A police unit dedicated to economic crime prevention during London 2012 said that the ticketing market "needs to be further regulated," according to Jessica Tasman-Jones. Operation Podium, set up in June '10, said that ticket fraud, which is the "most prevalent ticket crime," causes at least £40M ($60.6M) worth of damage to the sports and creative industries each year. This month the unit released "Ticket Crime: Problem Profile" as a result of insights gained into ticket crime. The report said that there "needs to be an open and transparent ticketing market underpinned by legislation or regulation." It also added that victims "need to be encouraged to report suspected offences and relationships needed to be strengthened with search engine companies and overseas website registrars and hosting companies" (LEISURE MANAGEMENT, 2/26).